https://www.taxtmi.com/caselaws?id=387034 The Tribunal noted that the assessee claimed depreciation on solar power generation system assets on the basis that they were purchased, installed and put to use during the relevant year, with substantial payment also said to have been made. As no supporting evidence was produced to substantiate purchase, installation, use or payment, the Tribunal found no basis to disturb the Principal Commissioner's view that the assessment order was erroneous and prejudicial to the interests of revenue. The revisionary order under section 263 was therefore sustained, and the assessee's challenge failed. en-us Fri, 11 Oct 2019 00:00:00 +0530 Tue, 15 Oct 2019 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387034 The Tribunal noted that the assessee claimed depreciation on solar power generation system assets on the basis that they were purchased, installed and put to use during the relevant year, with substantial payment also said to have been made. As no supporting evidence was produced to substantiate purchase, installation, use or payment, the Tribunal found no basis to disturb the Principal Commissioner's view that the assessment order was erroneous and prejudicial to the interests of revenue. The revisionary order under section 263 was therefore sustained, and the assessee's challenge failed. Case-Laws Income Tax Fri, 11 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387034